Thank you for standing by. Welcome to the CorVel Corporation quarterly earnings release webcast. During the course of this webcast, CorVel Corporation may make projections or other forward-looking statements regarding future events or the future financial performances of the company. CorVel wishes to caution you that these statements are only predictions and that actual events or results may differ materially. CorVel refers you to the documents the company files from time to time with the Securities and Exchange Commission, specifically, the company's last Form 10-K and 10-Q files for the most recent fiscal year and quarter. These documents contain and identify important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements. I would now like to turn it over to Mr. Gordon Clemons.

Thank you for joining us to review the results of CorVel's June quarter. This last quarter continues recent trends and improving operating results. The background environment in the economy in health care and in the insurance market continues to be positive as well. The federal tax rate reduction is also an important outside variable bolstering our results. The lower rate is improving the already strong cash flows in our business. In turn, this better positions CorVel to consider options for redeploying the resulting cash flow. Technology investments have increased our ability to improve the patient's experience and to achieve better outcomes. We expect to continue such investments and also look for acquisition candidates in our target markets. I'd now like to turn the call over to Michael Combs to discuss the details of the quarter.

Thank you, Gordon. I will be providing an overview of our results and then provide insights into the markets in which we operate. Lastly, I will share our operating results, the status of our product development and the additional statistics, which we include each quarter. Earnings per share for the quarter ended June 30, 2018, was a record $0.62, an increase of 34.8% from the same quarter of the prior year. Revenues for the June quarter were $150 million, 9.3% above the $137.6 million for the June 2017 quarter. The results of the June quarter reflect operational increases and improvements, health care costs for our own employee benefit plan, falling to the more normal levels of the prior year, and payroll taxes returning to the seasonal lower portion of the year. In the workers' compensation markets, we are seeing an increased and very appropriate expectation that Managed Care and claims management vendors leverage technologies, such as business intelligence and analytics to drive improved outcomes. The expectation is not that analytics is merely part of the package, but their partnership exists where the insights revealed are combined with expert analysis and suggestions for prospective action. Gartner, an information technology research and consultancy company created a model to represent the lifecycle stages that a technology goes through, from inception to maturity and widespread adoption. The model has several stages. The technology trigger, the initial stage where the idea is conceptualized. The peak of inflated expectations, this is after the initial implementation, where there is hopes for great things, often followed by the trough of disillusionment, where reality falls short of expectations. And then, in some cases, the plateau of productivity, where the technology matures and the broad market applicability and relevance are clearly paying off. In the area of business intelligence and…

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